Market Extra: Why a key federal fund to expand fast internet in America is in jeopardy

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A key fund set up by the U.S. government in the late 1990s to help pay for the expansion of fast internet in America is in jeopardy, but not only because of cord-cutting, according to a new report.

The pot of revenue available to the government’s Universal Services Fund to expand America’s broadband has shrunk by about 63% since 2001, to roughly $29.6 billion, according to a new report from Mattey Consulting.

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